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Synopsis

The EU is putting in place a common classification system to encourage private investment in sustainable growth and contribute to a climate-neutral economy.

On April 15th the EU Council adopted a regulation to set out a EU-wide classification system, or “taxonomy”, which will provide businesses and investors with a common language to identify those economic activities which are considered environmentally sustainable.

The taxonomy will enable investors to refocus their investments on more sustainable technologies and businesses. It will be key to enabling the EU to become climate neutral by 2050 and achieve the Paris agreement’s 2030 targets. These include a 40% cut in greenhouse gas emissions, for which the Commission estimates that the EU has to fill an investment gap of about 180 billion EUR per year.

The taxonomy for climate change mitigation and climate change adaptation should be established by the end of 2020 in order to ensure its full application by end of 2021.

 

Join us in this webinar and find out the answers on the following questions:

  • What companies are subject to the EU taxonomy? How are European subsidiaries operating outside Europe supposed to follow?
  • How does the European taxonomy fit into a global effort for a unified taxonomy?
  • Has the expert group considered input outside the EU to the taxonomy?
  • What has been the most challenging parts of the process to arrive at common taxonomy?
  • How is the taxonomy supposed to evolve over the next 30 years?
  • Is there a conflicting direction of green sustainability vs. social sustainability? 
  • How to apply such taxonomy to funds managed by European asset managers for Asian clients with Asian assets?
  • How is the EU Commission planning to link/cooperate with the Singaporean authorities on sustainability?

 

This event is proudly co-organised with the EU Delegation to Singapore.

 

Programme

2:45 pm Webinar waiting room opens
3:00 pm Welcome Address

  • Mr Federico DONATO, President of EuroCham

3:10 pm Introductory remarks

  • Mrs Barbara PLINKERT, EU Ambassador to Singapore

3:20 pm Presentation

  • Mr Mario NAVA, DG FISMA, EU Commission

3:40 pm Q&A

  • Moderated by: Mr Philippe VAN HOOF, ING Bank

4:00 pm End of Programme

 

Speaker

Mr Mario Nava
Director for Horizontal Policies
Directorate-General for Financial Stability, Financial Services and Capital Markets Union
DG FISMA – European Commission

Mario Nava (born Milan, 1966) holds an undergraduate degree in Economics from Bocconi University (1989), an MA in Economics from the Université Catholique de Louvain, Belgium (1992) and a PhD in Public Finance from the London School of Economics (1996).

Mario joined the European Commission in 1994 and held various senior positions. Since October 2018, he is the Director for “horizontal policies” in the Financial Stability, Financial Services and Capital Markets Union Directorate General. Prior to that, from 2016 to April 2018, he was Director of the “Financial system surveillance and crisis management” Directorate and, from 2011 to 2016, Director of the “Regulation and prudential supervision of financial institutions”.

Previously, he was Head of the “Banking and Financial Conglomerates” Unit, of the Financial Markets Infrastructure Unit, a member of the Group of Policy Advisers of the EU Commission President, Prof. Romano Prodi, and a member of the Cabinet of the Competition Commissioner, Prof. Mario Monti.

Alongside his current work, he is active in research and teaching. He is currently Visiting Professor at Bocconi University (Milan) and at Solvay Business School (Brussels) and has been teaching in several universities in Europe and Latin America.

In 2018, he served as Chairman of CONSOB, Italy’s financial markets supervisor.

 

Moderator

 

Mr Philippe Van Hoof
Managing Director & Head of Financial Institutions (FI) Asia
ING Bank N.V., Singapore Branch

Philippe Van Hoof is Managing Director and Head of Financial Institutions, Asia Pacific at ING Bank. He has over 23 years of banking experience, including 10 years in Singapore, Korea and Japan. In addition to managing strategic relationships with banks, Philippe has extensive experience in covering insurers, asset managers, securities companies and sovereign wealth funds at executive/board level on a wide range of strategic topics including the impact of regulations, macro-economic, new products launch and M&A.

Next to ING, Philippe was also the Chairman of Eurocham Singapore Financial Services Committee until 2018 and has been elected as Board Member of Eurocham in 2019 and currently serves as Vice President.

Kindly note that registration is binding and payment is non-refundable. The organisers reserve the right to change the programme content without giving prior notification or any reasons thereof.